Holding in Company

Gartmore Monthly Income Tst PLC
6 November 2001



                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS



1)   NAME OF COMPANY

     GARTMORE MONTHLY INCOME TRUST PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     ABERDEEN ASSET MANAGERS LIMITED

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

     

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

     SEE SCHEDULE BELOW

5)   Number of shares/amount of stock acquired.

     355,000

6)   (0.32%) of issued Class

7)   Number of shares/amount of stock disposed



8)   ( N/A %) of issued Class

9)   Class of security

     ORDINARY SHARES OF 1p

10)  Date of transaction

     5/11/01

11)  Date company informed

     6/11/01

12)  Total holding following this notification

     25,550,298
               
13)  Total percentage holding of issued class following this notification

     23.26%

14)  Any additional information



15)  Name of contact and telephone number for queries

     L.J. POWELL - 020 7782 2649

16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification    6 NOVEMBER 2001



Aberdeen Asset Managers Limited

Gartmore Monthly Income Trust PLC Ordinary shares held at 5-Nov-01


Beneficial Holder   Registered           Previous        Current
                    Holder               Holding    %    Holding    %   Movement
Aberdeen Conv       HSBC Global 
Income Trust        Nominees A/C 748639  858,500  0.78    858,500  0.78        0

Aberdeen Fund of    State Street          
Inv Trusts          Nominees A/C XCF8    102,251  0.09    102,251  0.09        0
(Unit Trust)           
     
Aberdeen High      State Street
Income Trust       Nominees A/C XCC4   8,905,000  8.11  8,905,000  8.11        0

Aberdeen Preferred State Street 
Income Trust       Nominees A/C XCC8   1,909,000  1.74  1,909,000  1.74        0

American Monthly   HSBC International
Income Trust       A/C 11769401        2,701,026  2.46  2,701,026  2.46        0

Danae Investment   State Street
Trust              Nominees A/C XCD5     757,500  0.69    757,500  0.69        0

European Monthly   HSBC International 
Income Trust       A/C 11493101          385,000  0.35    385,000  0.35        0

Glasgow Private 
Clients            -                     748,107  0.68    748,107  0.68        0

Jove Investment   State Street                                             
Trust             Nominees A/C XCD6      454,500  0.41    454,500  0.41        0

LAHC              MSS Nominees           163,412  0.15    163,412  0.15        0

Leveraged Income  HSBC International 
Fund              A/C 10980901         3,539,950  3.22  3,894,950  3.55  355,000

Murray Global     Chase Nominees        
Return Trust                           2,123,107  1.93  2,123,107  1.93        0

St Davids 
Investment Trust  RBSTB Nominees       2,547,945  2.32  2,547,945  2.32        0
                                      25,195,298 22.94 25,550,298 23.26  355,000

Ordinary 1p shares in issue          109,842,768